An Indian court has prevented WazirX, the crypto exchange that suffered a breach, from reallocating users’ XRP
XRP
$2.69
24h volatility:
2.3%
Market cap:
$161.25 B
Vol. 24h:
$4.39 B
assets.
According to the Madras High Court, cryptocurrencies are regarded as property, citing fundamental property rights. It also clarified that the customer’s XRP and what was stolen from WazirX are “completely different” digital assets.
Madras High Court Takes Side With XRP Holder
On October 25, an order was delivered by the Madras High Court, stating that WazirX was barred from redistributing 3,532 XRP holdings, which belong to a customer, to absorb the platform losses.
The stash in question is worth roughly $9,400. By this d
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